I have read the Research and Markets' Privacy Policy and consent to the processing of my personal data.*

RECENTLY VIEWED PRODUCTS

TESTIMONIALS

The Service I received from the Orders and Customer Service Team was very professional. Their responses were very quick and actioned on immediately.

Mr Gueorgui TzvetanovSenior ManagerERGO Austria International AG

The Research and Markets’ customer support team provided me with timely and immediate responses and delivered exactly the information that I was looking for – great job. Thank you very much. I would recommend them to anybody who is looking for market research data.

Great customer service and super responsive. I was having issues with my payment method but Claire in customer service was super responsive to help several times until the issue was entirely resolved. Great job

Mr Detlef RethagePresidentNitto Avecia Inc

I would like to thank you for the professionalism shown in getting back to me in a very short time and with a totally satisfying answer to my request. This certainly shows your concern and care for customer satisfaction and your strong understanding of what your customers expect of your company. Thank you again for your help.

Raghda GueneidMarketing Supervisor Oil & Gas EMEALafargeHolcim

The reports ordered are of good quality and are relevant to our business needs.

Mr Etienne AdriansenSenior Director Business EvaluationLEO Pharma

Thank you for all of your help! I think your service is excellent. It is an easy platform to order interesting reports.

Mr Tomi AmberlaConsultantPöyry Management Consulting

The team at Research and Markets are first rate. Their market intelligence is relevant and accurate and the customer service fast, responsive and dependable. I always benefit from knowledge gained from their comprehensive studies and will continue to utilize their services.

Ms Liz DickinsonCEOPhysical Enterprises Inc

I have bought reports from other sources but the report that I bought from Research and Markets was the most detailed of the lot. Their customer service was excellent and I was able to get the report without any fuss.

Mr Naveed KamalAsst Manager: Business DevelopmentRangs Group Ltd

Research and Markets team was very supportive in proceeding with administrative issues and quick delivery of the report. Communication was prompt and focused on customer’s needs. I would recommend Research and Markets to everyone who needs to get things done.

Marek MadejStrategy AdvisorCEMEX

Research and Markets' Customer Service is excellent. I received all responses within a few minutes time and Ryan did a very good job answering all my questions.

Romana VoetHead of MarketingHeide-Park

The service I received was perfect. Support at Research And Markets work very efficiently as a team and my query was resolved quickly and satisfactorily. Justyna was very attentive and understanding and really helped me with the project that I am working on.

Ekaterina ZorinaBusiness Development ManagerTMT Department BDO Group

We recently purchased one of the Market Analysis & Trends reports and have found it to be very informative. In addition, Research and Markets were extremely helpful and willing to provide a few extra custom features to make the report even more useful. We have used R&M in the past and will do so again in the future: I highly recommend their work!

Carolyn (Alderman) BurnsBusiness Development ManagerAvery Dennison

The ordering process with Research Markets is professional, fast and transparent. They provided continual updates on the progress of our order and were quick to resolve any follow-up questions we had. Their access to a wide variety of reports and great customer service is why we chose to order from them. We highly recommend Research and Markets

We’re working with R&M for several years now. Our orders are delivered promptly and their team are able to answer all questions before placing an order. They provided us samples which assured us the products were suitable for our project. I’d like to recommend Justyna who has been extremely knowledgeable on every step of the journey.

Monika MalagaMarket Researcher Grupa Azoty S.A.

CUSTOM RESEARCH

Still haven't found what you're looking for? Speak to our Custom Research Team

FEATURED COMPANIES

The market for engineering plastics in Asia-Pacific has been estimated to be at 25.37 million tons in 2017. The market is expected to portray a healthy growth rate over the forecast period, at a CAGR of 5.67%. PET (Polyethylene terephthalate) resins were proven to be the dominating product type segment with 51% share in the engineering plastics’ product basket from the past couple of years and by evaluating the current market trends, PET resin seems to dominate the engineering plastics market over the next five years as well, at a CAGR of 6.56%.

Growing Popularity of Bio-based PET

Considering the side effects of petrochemical based plastics, the popularity of bio-based product is rising globally. Since PET is favorably used in food & beverages packaging industry; this bio-based product trend is creating a direct impact on the PET demand. Additionally, the flexibility to recycle and significant reduction in the weight due to bio-based technology, this product category turns to be one of the most favored product in multiple end-user industry such as automotive, electrical & electronics, and food & beverages packaging industry among others.

Packaging, electrical & electronics, building & construction, and automotive are some of the major end-user industries for engineering plastics market. Demand for PET is majorly driven from packaging industry and constantly increasing. For instance, Coca-Cola developed the concept of recyclable plant bottles, which are made of PET plastics, partially manufactured from plants. Thus, this helped the company to focus on using bio-based PET for packaging its beverages, and at the same time to promote environmental awareness among its consumers.

Asia-Pacific Dominates the Market

Asia-Pacific has the highest share in the market, accounting for around 56% of the global market share in 2016. The market for Asia-Pacific is highly driven by the automotive and electrical & electronics industry demand in the emerging markets such as China, India, South Korea, Thailand, and Indonesia among others.

China is the Largest Producer

The market in China is expected to witness a faster growth, compared to other countries, owing to the significant increase in the per-capita income of the Chinese middle class population and the resultant increase in the overall consumer goods sales in the region. Moreover, China has proven itself as the world’s industrial and manufacturing hub over the past many decades.

Key Developments in the Market

December 2017: BASF SE expanded its research scope at Network for Asian Open Research (NAO) to cover advanced materials & systems research, bioscience research, and process research & chemical engineering by partnering 10 major Asian universities and research partners from China, Japan, and South Korea.

June 2017: BASF SE to acquire Solvay’s polyamide business. The deal is expected to be closed by Q3 2018

Key Players: BASF SE, DowDupont, DSM, and Solvay amongst others

Reasons to Purchase this Report

Market definition, along with the identification of factors instrumental in changing the market scenario and prospective opportunities

Various market perspectives, with the help of Porter’s five forces analysis

Regions or countries that are expected to witness the fastest growth during the forecast period

Product segment, which is going to dominate the market over the forecast period

The latest developments, market shares, and strategies that are employed by the major market players,

3 months analyst support along with the Market Estimation sheet (In excel).